C4TF REPORT: Pandemic Profits and the Public Purse
Fifty Canadian companies dodged taxes and took the Canada Emergency Wage Subsidy while making record profits, according to new research by Canadians for Tax Fairness.
Corporations Pay Your Fair Share!
"Deficit Chicken-littles" called out by C4TF economist Dr. D.T. Cochrane
Watch truth be spoken to the “deficit Chicken-littles” and K-shaped pandemic recovery profiteers by C4TF’s economist and researcher, Dr. D.T. Cochrane, in today's Standing Committee on Industry, Science and Technology.
Canada could gain $8 billion from excess profits tax, says PBO
A tax on excess profits during the Covid-19 pandemic would realize $7.9 billion in federal government revenue, according to an estimate by the Parliamentary Budget Office (PBO) on 27 April.
IMF calls for progressive taxes on wealth and excess profits
The Covid-19 pandemic has worsened inequalities, and countries should enact progressive taxes to reduce gaps in income and in access to services, according to the International Monetary Fund (IMF)’s April 2021 Fiscal Monitor Report.
MEDIA RELEASE: Pfizer profiting with billions from the pandemic while paying little in taxes
As Pfizer pressures Ottawa for tax breaks in the upcoming federal budget, its full year financial results for 2020 show the company continues to pay very little in taxes while raking in billions in profits.
MEDIA RELEASE: Latest CRA tax gap report shows need to strengthen corporate compliance, enforcement
Canada Revenue Agency’s tax gap report today confirms that investments in compliance and enforcement pay off, but the federal government must do more to close the tax gap, particularly for large corporations.
MEDIA RELEASE: Canadians for Tax Fairness welcomes NDP proposal for excess profits tax, additional measures to address inequality
Canadians for Tax Fairness strongly supports the progressive tax measures proposed today by the federal NDP to raise revenues and prevent pandemic profiteering.
Global Days of Action: Uphold tax justice to overcome the crisis
This week, Canadians for Tax Fairness joins other international tax justice groups in calling for progressive tax reform to combat the effects of COVID-19 and rebuild a more equitable future.
MEDIA RELEASE: CRA loses $2-billion Cameco court case appeal, revealing fundamentally broken corporate tax system
The Canadian government has more than 2 billion reasons why it’s time to reform our tax laws and support fundamental changes to international corporate tax rules
Cargill’s slaughterhouse profits flow through tax havens to keep its billionaire owners wealthy
Cargill Ltd, which operates the High River, Alberta slaughterhouse that is Canada’s single largest COVID-19 outbreak, has another dirty secret: it channels most of the profits from its Canadian operations to its American billionaire owners through holding companies based in the tax haven of Luxembourg.
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